Page 118 - Identity Protection PIN (IP PIN) 2025

RETIREM ENT PLANS

- Maximum 401(k) plan effective deferral: $20,500 (plus

$6,500 catch-up for age 50+).

- Defined benefit plan maximum benefit: $245,000.

- Defined contribution plan contribution limit: $61,000 or

100% of compensation, whichever is less.

- IRA contribution limit: $6,000 (plus $1,000 catch-up for

age 50+)

- IRA deduction phaseout for active participant in a

workplace retirement plan: MAGI from $109,000 to

$129,000 (married filing jointly); $68,000 to $78,000

(single taxpayers and heads of household); $0 to

$10,000 (married filing separately); $204,000 to $214,000

(individual who is not an active participant in a

workplace retirement plan whose spouse is an active

participant in a workplace retirement plan).

TRAINBYUS: TRANSFORMING DIGITAL LEARNING